Becoming the Benchmark

Jul 1, 2003

Brazil's C-Bond is more than just another Brady. It is a
landmark in the emerging market asset class. It is the largest,
most liquid of all the Bradys. Last year's trading volume
totaled $289 billion. Its launch in 1994 was particularly
auspicious, coming in the year the government launched its Real
Plan that crushed inflation and marked the beginning of a
period of reform and growth. William Rhodes (see page 67)
chaired the banking committee, made up of several international
banks including Morgan Guaranty, Lloyds, Chase Manhattan...